Individual policy definition

Individual policy means an individual or family policy or subscriber contract issued by an insurer.
Individual policy means a policy named as an Individual Policy in the Policy Schedule or Certificate of Insurance under which one or more persons are covered as Insured Persons.
Individual policy means an insurance policy whereby an insured receives hospital or medical coverage on either an expense incurred or service basis, other than for specified diseases or for accidental injuries, and a long−term care insurance policy.

Examples of Individual policy in a sentence

  • Individual policy entrepreneurs stood out as agents of change in some cases, but it proved difficult in others to pinpoint key players.

  • Individual policy holder cannot garnish the security deposit to satisfy his claim agains the insurer on his policy.

  • Individual policy holders and small employers are intended policyholders or third party beneficiaries of the Qualified Benefit Plans issued to them by Carrier under this Contract.

  • We will reimburse the amount equal to 1% of the sum insured max up to Rs. 2000/- for each member in Individual policy during the block of 3 years.


More Definitions of Individual policy

Individual policy means, with respect to life insurance and sickness and accident insurance, a policy other than a group policy, except that "individual policy" also includes all of the following:
Individual policy means an individual policy of insurance providing coverage for the Executive and his dependants.
Individual policy means a policy under which a particular person is the life insured, or two or more particular persons having an insurable interest in each other are the lives insured jointly;
Individual policy or "converted policy" means an individual health insurance policy issued by an insurance company or an individual contract issued by a service corporation or health maintenance organization or similar corporation or organization.
Individual policy means a Contract issued to a contract holder.
Individual policy or "converted policy" means an in- dividual accident or health insurance policy issued by an in- surance company, or an individual accident or health services contract issued by a health service corporation, or a plan for health care services provided by a health maintenance organization, or provided by any similar corporation or organization.
Individual policy means a policy of insurance in respect of which the policy owner is an individual;